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Restaurant

Longhorn Steakhouse

4300 Franklin Ave, Waco, TX 76710

Listing Price: $2,282,000

Cap Rate
4.65%
Tenant Name
Longhorn Steakhouse
Years Remaining On Lease
5.8
Gross SF
5,622
Guarantor
Corporate Guarantee
Rentable SF
5,622
Price/Gross SF
$405.91
Lease Type
Absolute Net
Rent Per Square Feet
$405.91

Investment Overview

Longhorn Steakhouse extended a 5-year lease renewal early (1st option) showing commitment to the site Paying extremely low rent ($18.88 /SF) on a depreciable asset (not a ground lease) Absolute NNN - fee simple ownership Well located in a regionally dominant retail corridor - out parcel to Walmart Supercenter adjacent to Chick-fil-A National retailers in the immediate area include McDonald’s, Raising Cane’s, Cheddar’s, Academy Sports + Outdoors, PetSmart, Outback Steakhouse, Planet Fitness, Guitar Center, Chase, AMC Galaxy 16, and many others

Investment Highlights

  • Longhorn Steakhouse extended a 5-year lease renewal early (1st option) showing commitment to the site
  • Paying extremely low rent ($18.88 /SF) on a depreciable asset (not a ground lease)
  • Absolute NNN - fee simple ownership
  • Well located in a regionally dominant retail corridor - out parcel to Walmart Supercenter adjacent to Chick-fil-A
  • National retailers in the immediate area include McDonald's, Raising Cane's, Cheddar's, Academy Sports + Outdoors, PetSmart, Outback Steakhouse, Planet Fitness, Guitar Center, Chase, AMC Galaxy 16, and many others

Exclusively Listed By

Broker of Record

  • Tim Speck

    Senior Vice President / Division Manager

    (972) 755-5200

    License(s) TX: 9002994

    Texas

Financing By

Restaurant

Longhorn Steakhouse

Listing Price: $2,282,000

Cap Rate
4.65%
Tenant Name
Longhorn Steakhouse
Years Remaining On Lease
5.8
Gross SF
5,622
Guarantor
Corporate Guarantee
Rentable SF
5,622
Price/Gross SF
$405.91
Lease Type
Absolute Net
Rent Per Square Feet
$405.91

Investment Highlights

  • Longhorn Steakhouse extended a 5-year lease renewal early (1st option) showing commitment to the site
  • Paying extremely low rent ($18.88 /SF) on a depreciable asset (not a ground lease)
  • Absolute NNN - fee simple ownership
  • Well located in a regionally dominant retail corridor - out parcel to Walmart Supercenter adjacent to Chick-fil-A
  • National retailers in the immediate area include McDonald's, Raising Cane's, Cheddar's, Academy Sports + Outdoors, PetSmart, Outback Steakhouse, Planet Fitness, Guitar Center, Chase, AMC Galaxy 16, and many others

Investment Overview

Longhorn Steakhouse extended a 5-year lease renewal early (1st option) showing commitment to the site Paying extremely low rent ($18.88 /SF) on a depreciable asset (not a ground lease) Absolute NNN - fee simple ownership Well located in a regionally dominant retail corridor - out parcel to Walmart Supercenter adjacent to Chick-fil-A National retailers in the immediate area include McDonald’s, Raising Cane’s, Cheddar’s, Academy Sports + Outdoors, PetSmart, Outback Steakhouse, Planet Fitness, Guitar Center, Chase, AMC Galaxy 16, and many others

Exclusively Listed By

Broker of Record

  • Tim Speck

    Senior Vice President / Division Manager

    (972) 755-5200

    License(s): TX: 9002994

    Texas

Financing By

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